Be'Vouac: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Be'Vouac
Largest movements
- Tangible fixed assets +€228,250
new in 2025: €228,250
of which Land and buildings: +€226,768
- Cash -€21,145
down €21,145 (-35.6%), from €59,460 to €38,315
mainly Investment in fixed assets (net) (-€266,586) and Tax, wage and social debts (-€16,637)
- Receivables within one year -€18,401
down €18,401 (-79.2%), from €23,241 to €4,840
- Debts after one year +€184,680
new in 2025: €184,680
- Tax, wage and social debts -€16,637
down €16,637 (-87.0%), from €19,113 to €2,476
- Profit (loss) carried forward +€13,458
up €13,458 (+22.3%), from €60,326 to €73,784
- Current portion of long-term debt +€7,367
new in 2025: €7,367
- Depreciation +€38,336
new in 2025: €38,336
- Gross operating margin -€18,089
down €18,089 (-23.8%), from €75,862 to €57,773
- Taxes -€15,081
down €15,081 (-100.0%), from €15,081 to €0
- Financial charges +€5,500
up €5,500 (+8,088%), from €68 to €5,568
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,701 | €271,405 | +€188,704 | +228% |
| Fixed assets | 21/28 | - | €228,250 | +€228,250 | |
| Tangible fixed assets | 22/27 | - | €228,250 | +€228,250 | |
| Land and buildings | 22 | - | €226,768 | +€226,768 | |
| Furniture and vehicles | 24 | - | €1,482 | +€1,482 | |
| Current assets | 29/58 | €82,701 | €43,155 | -€39,546 | -47.8% |
| Amounts receivable within one year | 40/41 | €23,241 | €4,840 | -€18,401 | -79.2% |
| Trade receivables | 40 | €23,241 | €4,840 | -€18,401 | -79.2% |
| Cash at bank and in hand | 54/58 | €59,460 | €38,315 | -€21,145 | -35.6% |
| Total equity and liabilities | 10/49 | €82,701 | €271,405 | +€188,704 | +228% |
| Equity | 10/15 | €63,326 | €76,784 | +€13,458 | +21.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,326 | €73,784 | +€13,458 | +22.3% |
| Amounts payable | 17/49 | €19,375 | €194,621 | +€175,246 | +905% |
| Amounts payable after more than one year | 17 | - | €184,680 | +€184,680 | |
| Financial debts | 170/4 | - | €184,680 | +€184,680 | |
| Amounts payable within one year | 42/48 | €19,375 | €9,941 | -€9,434 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,367 | +€7,367 | |
| Trade debts | 44 | €262 | €98 | -€163 | -62.4% |
| Suppliers | 440/4 | €262 | €98 | -€163 | -62.4% |
| Taxes, remuneration and social security | 45 | €19,113 | €2,476 | -€16,637 | -87.0% |
| Taxes | 450/3 | €19,113 | €2,476 | -€16,637 | -87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €38,336 | +€38,336 | |
| Other operating charges | 640/8 | €387 | €411 | +€23 | +6.0% |
| Gross operating margin | 9900 | €75,862 | €57,773 | -€18,089 | -23.8% |
| Operating profit (loss) | 9901 | €75,475 | €19,026 | -€56,449 | -74.8% |
| Financial charges | 65/66B | €68 | €5,568 | +€5,500 | +8,088% |
| Recurring financial charges | 65 | €68 | €5,568 | +€5,500 | +8,088% |
| Profit (loss) for the period before taxes | 9903 | €75,407 | €13,458 | -€61,949 | -82.2% |
| Income taxes | 67/77 | €15,081 | €0 | -€15,081 | -100.0% |
| Profit (loss) for the period | 9904 | €60,326 | €13,458 | -€46,868 | -77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,326 | €13,458 | -€46,868 | -77.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.